Vote for BJP in urban local bodies" poll for "triple engine" govt in UP: Adityanath
UP: Man booked for attempting to rape 5-year-old girl
Congress to mark 100 days of Bharat Jodo Yatra with concert in Jaipur
BJYM, Hindu outfits put off planned protest march at AMU
Karachi battles gas crisis; residents face unannounced load shedding, 2-hr gas supply in a day
Elderly man in judicial custody dies during treatment in UP hospital
Himachal Pradesh skittle Haryana for 46, take 200-run lead on Day 1
Pak court grants protective bail to PM Shehbaz"s son Suleman in money laundering case
British Library celebrates India ties with exhibition on Hampi
Nine policemen suspended after suspect dies in police custody in UP
Gangster"s property attached in UP"s Pratapgarh district
Maoists torch construction company vehicles in Jharkhand’s Chatra district
Sino-India border situation "generally stable": China on Yangtse clash
Babar Azam not taking advice from seniors, claims Shahid Afridi
Qlite Global launches their exclusive Grand Experience Centre
"Disillusioned with central leadership": Sikkim BJP president says he has resigned
2001 attack anniversary: Ready to guard new Parliament if directed, say CRPF heroes
Class 2 student dies after scuffle with fellow students in UP
Three killed in accident in UP"s Lakhimpur KheriLakhimpur Kheri (UP), Dec 13 (PTI) Three motorcycle borne youths were killed and "
Abandoned girl child from Assam adopted by Spanish professor
AHMEDABAD: The Ahmedabad zonal unit of Directorate of Revenue Intelligence ( DRI ) busted a racket that has been misusing the Merchandise Export from India Scheme (MEIS) for claiming rebates on goods worth Rs 5,500 crore. Concerned persons of these insecticide companies admitted in their statements that they were misclassifying their product and by doing so they were wrongfully claiming MEIS benefit at 3% of FOB value of their export product against their actual entitlement of 2% of FOB value.“These exporters have voluntarily paid Rs 52 crore so far towards wrongful availment of excess benefit under MEIS by resorting to misclassification of their product,” said the official. So far, the officials have found discrepancies amounting up to Rs 52 crore.As per investigators, a specific intelligence was developed by DRI that various exporters of insecticides were indulged in mis-classification of their export product ‘insecticides.’ By doing so, they wrongfully claimed MEIS benefit at higher rate than they were actually entitled for.“MEIS Scheme is an export incentive scheme of the central government under which exporters get 1% to 7% of the FOB (Free on Board) value of their export product as incentive depending upon their product and Customs Tariff Heading under which the product is classifiable,” said an official.After the information, DRI conducted searches at premises of various exporters of insecticides based in Gujarat Maharashtra and Tamil Nadu .
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
